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Measuring National Income · Question 19 of 69

Question 19

EasyOriginal question

Which of these is NOT part of private final consumption expenditure?

Options for question 19

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. A firm's van is a capital good: investment.

  2. Households' spending on goods and services is private consumption.

Concept
Private consumption
Typical time
40 s
Your time
—
The rule this testsExpenditure method
Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.